1.1 	A bill for an act
1.2 	relating to capital investment; appropriating money for Phase 2 of the Quarry 
1.3 	Redevelopment Project in the city of Waite Park; authorizing the sale and issuance 
1.4 	of state bonds.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. WAITE PARK; QUARRY REDEVELOPMENT PHASE 2.
 1.7 		Subdivision 1.Appropriation. $7,940,000 is appropriated from the bond proceeds fund 
1.8 	to the commissioner of employment and economic development for a grant to the city of 
1.9 	Waite Park to acquire property for and to predesign, design, construct, furnish, and equip 
1.10 	Phase 2 of the Quarry Redevelopment Project, to include improvements and enhancements 
1.11 	of a capital nature to the public open-air stage and related facilities. This appropriation is 
1.12 	available when the commissioner of management and budget determines that an amount 
1.13 	sufficient to complete the project has been committed to the project, as required by Minnesota 
1.14 	Statutes, section 16A.502.
1.15 		Subd. 2.Bond sale. To provide the money appropriated in this section from the bond 
1.16 	proceeds fund, the commissioner of management and budget shall sell and issue bonds of 
1.17 	the state in an amount up to $7,940,000 in the manner, upon the terms, and with the effect 
1.18 	prescribed by Minnesota Statutes, sections 16A.631 to 16A.675, and by the Minnesota 
1.19 	Constitution, article XI, sections 4 to 7.

1.20 	EFFECTIVE DATE. This section is effective the day following final enactment.